23 Nov

Change of Directors Interest Notice

ASX ANNOUNCEMENT ANDROMEDA METALS LTD (Andromeda, ASX: ADN) Andromeda Metals Ltd | ABN 75 061 503 375 | 69 King William Road Unley SA, 5061 info@andromet.com.au | www.andromet.com.au 2 3 November 2021 CHANGE OF INTEREST NOTICE BY DIRECTOR (Appendix 3y) Please find attached a n Appendix 3Y - Change of Directors’ Interest Notice ( N otice ) for the Company’s Managing Director, Mr James Marsh. The N otice details the recent changes to Mr Marsh’s holdings in Andromeda Metals Ltd ( ASX:ADN , “ the Company ”) following the recent sale of 730,000 shares in an on - market sale. Mr Marsh has advised that t he sale was undertaken solely for the purpose of funding the recent conversion of the 10.5 million unlisted options which expired on 15 November 2021 , and were exercised on 12 November 2021 . Mr Marsh h as been a Director of Andromeda since 30 May 2018, and this is the first share sale that he has undertaken . Mr Marsh now holds a total of 12,270,000 s hares in Andromeda, w hich after the conclusion of both transactions (the options conversion and the sale in the attached Appendix 3B) , represents a net increase of 9,770,000 shares held by him. Authorised for release by Andrea Betti, Company Secretary. A ndromeda Metals Limited ABN: 75 061 503 375 Corporate d etails : ASX Code: ADN Cash (30 Sept 2021): $46.17m Issued Capital: 2,4 83, 727 ,046 ordinary shares 63, 320 ,000 unlisted options 23,139,475 performance rights Directors: Rhod Grivas Non - Executive Chair James Marsh Managing Director Joe Ranford Operations Director Andrew Shearer Non - Executive Director Meli s sa Hol z berger Non - Executive Director Company Secretary: Andrea Betti Contact d etails : 69 King William Road, Unley, South Australia 5061 PO Box 1210 Unley BC SA 5061 Tel: +61 8 8271 0600 Fax: +61 8 8271 0033 admin@andromet.com.au www.andromet.com.au Appendix 3Y Change of Director’s Interest Notic e + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/ 0 9/01 Amended 01/01/11 Name of entity ANDROMEDA METALS LIMITED ABN 75 061 503 375 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director James Edward Marsh Date of last notice 29 December 2020 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest D irect Nature of indirect interest (including registered holder) N ote: Provide details of the circumstances giving rise to the relevant interest. Date of change 2 2 Nov ember 202 1 No. of securities held prior to change A. 13 , 0 00,000 ordinary shares B. 14,000,000 unlisted options (2022) C. 7,500,000 unlisted options (2023 ) D. 3,25 0,000 performance rights (2023) Class A. Fully Paid Ordinary Shares B. Unlisted Options exercisable @ $0.064 expiring 28 November 2022 C. Unlisted Options exercisable @ $0.075 expiring 28 November 2023 D. Unlisted Performance Rights expiring 23 December 2023 Number acquired Nil Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Number disposed A. 730,000 ordinary shares Value/Consideration Note: If consideration is non - cash, provide details and estimated valuation Tota l consideration received for the shares sold was $120,450, which was applied to pay for the conversi on of options in the previous week No. of securities held after change A. 1 2,270 ,000 ordinary shares B. 14,000,000 unlisted options (2022) C. 7,500,000 unlisted options (2023 ) D. 3,250,000 performance rights (2023) Nature of change Example: on - market trade, off - mark et trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy - back On market trade Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii ) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract N/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A No. and class of securities to which i nterest related prior to change Note: Details are only required for a contract in relation to which the interest has changed N/A Interest acquired N/A Interest disposed N/A Value/Consideration Note: If consideration is non - cash, provide details and an estimated valuation N/A Interest after change N/A Part 3 – + Closed period Were the interests in the securities or contracts detailed above traded during a + closed period where prior written clearance was required? No If so, was prior written clearanc e provided to allow the trade to proceed during this period? N/A If prior written clearance was provided, on what date was this provided? N/A
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